Fidelity Clean Energy ETF
FRNW

$15.50

1.27%

Market Cap: $27.9M

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 2

4.55% less ownership

Funds ownership: 7.64% [Q1] → 3.09% (-4.55%) [Q2]

23% less funds holding

Funds holding: 13 [Q1] → 10 (-3) [Q2]

62% less capital invested

Capital invested by funds: $2.06M [Q1] → $781K (-$1.27M) [Q2]

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 3

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Research analyst outlook

We haven’t received any recent analyst ratings for FRNW.

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Financial journalist opinion

Positive

Zacks Investment Research

3 months ago

Best-Performing ETFs From the Top Sector of May

After a dismal performance in the first four months, the renewable energy space showed a remarkable comeback in May driven by bullishness surrounding artificial intelligence (AI).

Negative

ETF Trends

6 months ago

A Detour on the Road to the Clean Energy Transition

Investors who piled into clean energy themes the last few years are experiencing some performance pain this year, as we appear to be experiencing a detour on the road to the clean energy transition. Related themes have been hard hit this year due to a confluence of events.

Positive

ETF Trends

8 months ago

Eye This Fidelity ETF Duo During Potential Rate Cuts

Despite 2023 producing some of the fastest rate hikes in decades, market participants are now actively discussing rate “cuts” in 2024. While the Fed continues to signal that they intend to hold firm until inflation comes down even more, potential rate cuts remain a significant possibility.

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Fidelity Clean Energy ETFFRNW